Tom Nimbley to Transition to Non-Executive Chairman of the Board
PBF Energy (NYSE: PBF) announced that Thomas J. Nimbley will retire from his position as Executive Chairman on June 30, 2025. Following his re-election at the company's 2025 Annual Meeting, he will transition to non-executive Chairman of the Board effective July 1, 2025.
Nimbley previously served as CEO from June 2010 to June 2023 before becoming Executive Chairman. Under his leadership, PBF Energy evolved from a startup to one of the largest independent refiners in the United States, operating six refineries with a combined throughput of approximately 1 million barrels per day.
Gene Edwards, PBF Energy's Lead Director, praised Nimbley's exemplary leadership and role in building a talented executive team. Matthew Lucey, current CEO and President, expressed gratitude for Nimbley's leadership and guidance, noting that the company will continue to benefit from his board leadership.
PBF Energy (NYSE: PBF) ha annunciato che Thomas J. Nimbley si ritirerà dalla sua posizione di Presidente Esecutivo il 30 giugno 2025. Dopo la sua rielezione durante l'Assemblea Annuale del 2025, passerà a ricoprire il ruolo di Presidente del Consiglio non esecutivo a partire dal 1 luglio 2025.
Nimbley ha precedentemente ricoperto il ruolo di CEO da giugno 2010 a giugno 2023 prima di diventare Presidente Esecutivo. Sotto la sua guida, PBF Energy è passata da una startup a uno dei più grandi raffinatori indipendenti negli Stati Uniti, operando sei raffinerie con una capacità di lavorazione combinata di circa 1 milione di barili al giorno.
Gene Edwards, Direttore Principale di PBF Energy, ha lodato la leadership esemplare di Nimbley e il suo ruolo nella costruzione di un talentuoso team esecutivo. Matthew Lucey, attuale CEO e Presidente, ha espresso gratitudine per la leadership e la guida di Nimbley, sottolineando che l'azienda continuerà a beneficiare della sua leadership nel consiglio.
PBF Energy (NYSE: PBF) anunció que Thomas J. Nimbley se retirará de su puesto como Presidente Ejecutivo el 30 de junio de 2025. Tras su reelección en la Junta Anual de la compañía de 2025, pasará a ser Presidente del Consejo no ejecutivo a partir del 1 de julio de 2025.
Nimbley se desempeñó anteriormente como CEO desde junio de 2010 hasta junio de 2023 antes de convertirse en Presidente Ejecutivo. Bajo su liderazgo, PBF Energy evolucionó de una startup a uno de los mayores refinadores independientes en los Estados Unidos, operando seis refinerías con una capacidad de procesamiento combinada de aproximadamente 1 millón de barriles por día.
Gene Edwards, Director Principal de PBF Energy, elogió el liderazgo ejemplar de Nimbley y su papel en la construcción de un talentoso equipo ejecutivo. Matthew Lucey, actual CEO y Presidente, expresó su gratitud por el liderazgo y la orientación de Nimbley, señalando que la compañía seguirá beneficiándose de su liderazgo en el consejo.
PBF 에너지 (NYSE: PBF)는 토마스 J. 님블리가 2025년 6월 30일부로 집행 의장직에서 은퇴한다고 발표했습니다. 2025년 연례 회의에서 재선된 후, 그는 2025년 7월 1일부터 비상임 이사회 의장으로 전환할 것입니다.
님블리는 2010년 6월부터 2023년 6월까지 CEO로 재직한 후 집행 의장직을 맡았습니다. 그의 리더십 아래, PBF 에너지는 스타트업에서 미국에서 가장 큰 독립 정유업체 중 하나로 발전했으며, 여섯 개의 정유소를 운영하고 있으며, 총 처리 용량은 약 하루 100만 배럴입니다.
PBF 에너지의 수석 이사인 진 에드워즈는 님블리의 모범적인 리더십과 재능 있는 경영진 팀을 구축하는 데 기여한 역할을 칭찬했습니다. 현재 CEO이자 사장인 매튜 루시도 님블리의 리더십과 지침에 감사하며, 회사가 그의 이사회 리더십으로부터 계속 혜택을 받을 것이라고 언급했습니다.
PBF Energy (NYSE: PBF) a annoncé que Thomas J. Nimbley prendra sa retraite de son poste de Président Exécutif le 30 juin 2025. Suite à sa réélection lors de l'Assemblée Générale de 2025, il passera au poste de Président du Conseil non-exécutif à compter du 1er juillet 2025.
Nimbley a précédemment occupé le poste de PDG de juin 2010 à juin 2023 avant de devenir Président Exécutif. Sous sa direction, PBF Energy est passée d'une startup à l'un des plus grands raffineurs indépendants aux États-Unis, exploitant six raffineries avec une capacité de traitement combinée d'environ 1 million de barils par jour.
Gene Edwards, Directeur Principal de PBF Energy, a salué la direction exemplaire de Nimbley et son rôle dans la constitution d'une équipe exécutive talentueuse. Matthew Lucey, PDG et Président actuel, a exprimé sa gratitude pour le leadership et les conseils de Nimbley, notant que l'entreprise continuera de bénéficier de son leadership au sein du conseil.
PBF Energy (NYSE: PBF) gab bekannt, dass Thomas J. Nimbley am 30. Juni 2025 von seiner Position als Exekutivvorsitzender zurücktreten wird. Nach seiner Wiederwahl auf der Hauptversammlung des Unternehmens 2025 wird er ab dem 1. Juli 2025 zum nicht-exekutiven Vorsitzenden des Vorstands wechseln.
Nimbley war zuvor von Juni 2010 bis Juni 2023 CEO, bevor er Exekutivvorsitzender wurde. Unter seiner Leitung entwickelte sich PBF Energy von einem Start-up zu einem der größten unabhängigen Raffinerien in den Vereinigten Staaten und betreibt sechs Raffinerien mit einer kombinierten Verarbeitungskapazität von etwa 1 Million Barrel pro Tag.
Gene Edwards, der Hauptdirektor von PBF Energy, lobte Nimbleys vorbildliche Führung und seine Rolle beim Aufbau eines talentierten Führungsteams. Matthew Lucey, aktueller CEO und Präsident, äußerte Dankbarkeit für Nimbleys Führung und Anleitung und stellte fest, dass das Unternehmen weiterhin von seiner Vorstandsführung profitieren wird.
- Successful growth from startup to major refiner with 1 million barrels per day capacity
- Stable leadership transition with Nimbley remaining as Board Chairman
- Maintains operational continuity with experienced management team
- None.
Gene Edwards, PBF Energy's Lead Director remarked, "Tom has played a vital role in growing PBF Energy, serving as our Chief Executive Officer from June 2010 to June 2023 and as Executive Chairman since then. Under Tom's watch, PBF Energy grew from a start-up with no operations to a refining system of six refineries with a combined throughput of approximately 1 million barrels per day. In no small part thanks to Tom, we are now one of the largest independent refiners in the United States. We are grateful for his exemplary leadership of the Company and building a talented executive team. The Board is looking forward to continuing to benefit from his leadership as our Chairman."
"I am honored to have served and lead PBF Energy for the past 15 years," Nimbley said. "I would especially like to thank our employees, stockholders, business partners, and our communities where we live and work for their trust and confidence. I look forward to continuing to contribute in my role as Chairman and leading the Board as it continues to guide the company."
"I would like to thank Tom for his leadership, guidance and friendship in the C-suite and I am pleased that the Company and I will continue to benefit from his leadership on the Board," said Matthew Lucey, PBF's CEO and President.
Forward-Looking Statements
Statements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the Company's expectations with respect to its plans, objectives, expectations, and intentions with respect to the full and partial restart of the Martinez refinery following the February 1, 2025 fire, the timing of such restart, the throughput of the Martinez refinery and anticipated insurance recoveries related to the fire as well as the Company's future earnings and operations overall, including those of our 50-50 equity method investment in SBR. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond the Company's control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in the Company's filings with the SEC, our ability to operate safely, reliably, sustainably and in an environmentally responsible manner; our ability to successfully diversify our operations; our ability to make acquisitions or investments, including in renewable diesel production, and to realize the benefits from such acquisitions or investments; our ability to successfully manage the operations of our 50-50 equity method investment in SBR; our expectations with respect to our capital spending and turnaround projects; risks associated with our obligation to buy Renewable Identification Numbers and related market risks related to the price volatility thereof; the possibility that we might reduce or not pay further dividends in the future; certain developments in the global oil markets and their impact on the global macroeconomic conditions; risks relating to the securities markets generally; the impact of changes in inflation, interest rates and capital costs; and the impact of market conditions, unanticipated developments, adverse outcomes with respect to regulatory approvals or matters or litigation, changes in laws or regulations and other events that could negatively impact the Company. All forward-looking statements speak only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements except as may be required by applicable law.
About PBF Energy Inc.
PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in
PBF Energy is also a
Contacts:
Colin Murray (investors)
ir@pbfenergy.com
Tel: 973.455.7578
Michael C. Karlovich (media)
mediarelations@pbfenergy.com
Tel: 973.455.8981
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SOURCE PBF Energy Inc.
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